Lincoln National (LNC) Scheduled to Post Quarterly Earnings on Thursday

Lincoln National (NYSE:LNC) will be announcing its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.64 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.07. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the prior year, the company posted $2.02 earnings per share. On average, analysts expect Lincoln National to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Lincoln National Trading Down 1.3 %

Shares of Lincoln National stock opened at $32.59 on Thursday. The stock has a market cap of $5.54 billion, a P/E ratio of 4.50, a P/E/G ratio of 0.31 and a beta of 1.81. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.82. Lincoln National has a 12-month low of $20.85 and a 12-month high of $36.46. The business’s 50 day moving average is $31.33 and its 200-day moving average is $30.90.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Thursday, October 10th. Lincoln National’s payout ratio is currently 24.62%.

Wall Street Analysts Forecast Growth

LNC has been the subject of several research reports. TD Cowen initiated coverage on Lincoln National in a report on Wednesday, October 9th. They set a “hold” rating and a $34.00 price target for the company. Morgan Stanley cut their target price on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. StockNews.com downgraded shares of Lincoln National from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Wells Fargo & Company increased their price target on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Barclays increased their target price on Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.00.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.